POWERED BY MOMENTUM MEDIA
HESTA pledges to low-carbon economy initiative
HESTA has pledged to support global climate change initative, the Transition Pathway Initiative (TPI).
The TPI is a global asset owner-led initiative that assesses companies’ preparedness to transition to a low-carbon economy.
It provided tools to help investors understand how companies were managing climate change and the risks it posed to their businesses.
HESTA chief executive, Debby Blakey, said the TPI would further inform the investment processes and decisions of large asset owners and provided additional insights to support active ownership activities.
“The finance sector has a vital role to play in supporting the transition to a low-carbon future and the TPI can increase the effectiveness of asset owners’ long-term stewardship activities,” she said.
“Championing a sustainable, low-carbon economy is essential to creating long-term value for our members and supporting a healthier planet and society.”
HESTA is the first Australian investor to pledge and is one of 60 investors globally that represent over $18 trillion in combined assets under management and advice.
HESTA would also join the TPI steering committee.
Recommended for you
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
Pension funds in Australia and the UK are embracing recent developments that will facilitate the deployment of superannuation capital toward the energy transition in both countries.
With the Goldman Sachs’ S&P 500 long-term outlook occupying headlines over recent days, an Aussie economist has weighed in, noting that, while difficult to time, the US market is poised for a downturn.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
